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in the question of somebody wants to know why google can make money and the times can. part of it is because google is a consolidator. they pay the times for a period there is a lot of money is getting cheap. that is the present question. one thing we should also say because it is part of the puzzle, they basically when the times went public, we lost fort shares. your pension fund, there may be some time shares. all of these shares everybody owns as a capitalization of 144 million. all of them which we all alone get to relax five minutes before the board of directors of 14. you will said, who elected the other eight? the b shares are owned by the family trust. they on the b shares. what will happen? will the times go the way of the bank wrapped a journal or not? it used to be sort it would be impossible because the family trusts has done very well. the family -- we're talking four generations of cousins or five generations. i think over 1000 people are involved with a very large number. the crest discusses this. it is possible these people will start to borrow. some of them but they needed t
facebook and google and zynga. these companies are all going public with dueled clash -- dual class shareholders. i call these private companies in the closet, because they are really finding a way to make sure that they will not be subject to short-term budget short-term shareholders. i am not applauding this development. i think maybe it goes a little too far in the unaccountability direction. but it does suggest that our conventional notions of corporate governance, where directors are pressured to listen to shareholders and to focus on share price, is dysfunctional enough. that is a big part of the story about my public companies are disappearing. -- about why public companies are disappearing. >> thank you so much for coming. i have a question related to the shareholder aspect of things. there is a really great shareholder movement, organizing to mitigate some of these problems. there is whole movement to create new shareholders as well as to increase awareness. do you see this movement as the problem, and any change that can come from? >> again, a wonderful impression -- a won
Search Results 0 to 1 of about 2